SAN FRANCISCO -- Apple's stock scored a slight rebound Tuesday after rival Samsung withdrew pursuit of European sales bans against the company.

Shares of Apple rose 2.6% to $532 in midday trade following Samsung's decision to drop pursuit of the injunctions. Samsung's move comes after a federal judge late Monday denied Apple U.S. injunctions against 26 of Samsung's products.

"Samsung remains committed to licensing our technologies on fair, reasonable and non-discriminatory terms, and we strongly believe it is better when companies compete fairly in the marketplace, rather than in court," Samsung said in a statement.

Samsung faces an antitrust probe by the European Commission. The South Korean electronics giant said it had decided to withdraw the injunction pursuit against Apple on the basis of "patents pending in European courts."